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Market Research Report

Global Oilfield Drilling Elevators Market 2019-2023

Published by TechNavio (Infiniti Research Ltd.) Product code 905972
Published Content info 133 Pages
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Global Oilfield Drilling Elevators Market 2019-2023
Published: August 6, 2019 Content info: 133 Pages
Description

About this market

Oilfield drilling elevators are used to fasten drill pipes, drill collars, and the casing to raise and lower pipes in and out of the wellbore during oil and gas drilling operations. Technavio's oilfield drilling elevators market analysis considers sales from both onshore and offshore applications. Our analysis also considers the sales of oilfield drilling elevators in APAC, Europe, North America, South America, and MEA. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing oil and E&P activities, especially in shale reserves, will play a significant role in the onshore segment to maintain its market position. Also, our global oilfield drilling elevators market report also looks at factors such as increasing global active rig count, growing upstream investments, rising global energy demand. However, challenges associated with rig floor operations, adoption of alternative energy sources, fluctuations in oil and gas prices may hamper the growth of the oilfield drilling elevators industry over the forecast period.

Overview

Increasing global active rig count

Oil and gas E&P activities are increasing worldwide, following the recovery of global crude oil prices. Owing to the increase in global crude oil prices, oil and gas companies are investing in oil and gas E&P projects to extract oil and gas, and thus enhance oil and gas production and earn greater profits. The increase in drilling activities will lead to a rise in the demand for oil and gas drilling rigs, and in turn, for oilfield drilling equipment such as oilfield drilling elevators. This demand for active rig count will lead to the expansion of the global oilfield drilling elevators market at a CAGR of almost 6% during the forecast period.

Advances in drilling elevator technology

Elevators in oilfield drilling rigs are used to handle drill pipes, drill collars, casings, and tubing pipes while drilling a wellbore. The safety of the crew while handling the rig floor equipment is important as any unsafe handling of the rig floor equipment can lead to accidents and injuries. Therefore, to address this issue, many companies are introducing innovative drilling elevator technology. The advances in drilling elevators can reduce the manual handling of tubular and drill pipes and help to lower the number of accidents on the rig floor. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global oilfield drilling elevators market during the forecast period 2019-2023, view our report.

Competitive Landscape

With the presence of several major players, the global oilfield drilling elevators market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oilfield drilling elevators manufacturers, that include Forum Energy Technologies Inc., Frank's International NV, National Oilwell Varco Inc., Weatherford International Plc, and Yantai Jereh Oilfield Services Group Co. Ltd.

Also, the oilfield drilling elevators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Table of Contents
Product Code: IRTNTR31839

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2018-2023
  • Offshore - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Advances in drilling elevator technology
  • Innovations in pipe handing systems
  • Rise in deepwater and ultra-deepwater projects

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Forum Energy Technologies Inc.
  • Frank's International NV
  • National Oilwell Varco Inc.
  • Weatherford International Plc
  • Yantai Jereh Oilfield Services Group Co. Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

  • Exhibit 01: Product overview
  • Exhibit 02: Global oilfield equipment and services market
  • Exhibit 03: Segments of global oilfield equipment and services market
  • Exhibit 04: Market characteristics
  • Exhibit 05: Market segments
  • Exhibit 06: Market definition - Inclusions and exclusions checklist
  • Exhibit 07: Market size 2018
  • Exhibit 08: Global market: Size and forecast 2018-2023 ($ thousands)
  • Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
  • Exhibit 10: Five forces analysis 2018
  • Exhibit 11: Five forces analysis 2023
  • Exhibit 12: Bargaining power of buyers
  • Exhibit 13: Bargaining power of suppliers
  • Exhibit 14: Threat of new entrants
  • Exhibit 15: Threat of substitutes
  • Exhibit 16: Threat of rivalry
  • Exhibit 17: Market condition - Five forces 2018
  • Exhibit 18: Application - Market share 2018-2023 (%)
  • Exhibit 19: Comparison by application
  • Exhibit 20: Onshore - Market size and forecast 2018-2023 ($ thousands)
  • Exhibit 21: Onshore - Year-over-year growth 2019-2023 (%)
  • Exhibit 22: Offshore - Market size and forecast 2018-2023 ($ thousands)
  • Exhibit 23: Offshore - Year-over-year growth 2019-2023 (%)
  • Exhibit 24: Market opportunity by application
  • Exhibit 25: Customer landscape
  • Exhibit 26: Market share by geography 2018-2023 (%)
  • Exhibit 27: Geographic comparison
  • Exhibit 28: North America - Market size and forecast 2018-2023 ($ thousands)
  • Exhibit 29: North America - Year-over-year growth 2019-2023 (%)
  • Exhibit 30: MEA - Market size and forecast 2018-2023 ($ thousands)
  • Exhibit 31: MEA - Year-over-year growth 2019-2023 (%)
  • Exhibit 32: APAC - Market size and forecast 2018-2023 ($ thousands)
  • Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
  • Exhibit 34: Europe - Market size and forecast 2018-2023 ($ thousands)
  • Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
  • Exhibit 36: South America - Market size and forecast 2018-2023 ($ thousands)
  • Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
  • Exhibit 38: Key leading countries
  • Exhibit 39: Market opportunity
  • Exhibit 40: Impact of drivers and challenges
  • Exhibit 41: Vendor landscape
  • Exhibit 42: Landscape disruption
  • Exhibit 43: Vendors covered
  • Exhibit 44: Vendor classification
  • Exhibit 45: Market positioning of vendors
  • Exhibit 46: Forum Energy Technologies Inc. - Vendor overview
  • Exhibit 47: Forum Energy Technologies Inc. - Product segments
  • Exhibit 48: Forum Energy Technologies Inc. - Organizational developments
  • Exhibit 49: Forum Energy Technologies Inc. - Geographic focus
  • Exhibit 50: Forum Energy Technologies Inc. - Segment focus
  • Exhibit 51: Forum Energy Technologies Inc. - Key offerings
  • Exhibit 52: Frank's International NV - Vendor overview
  • Exhibit 53: Frank's International NV - Business segments
  • Exhibit 54: Frank's International NV - Organizational developments
  • Exhibit 55: Frank's International NV - Geographic focus
  • Exhibit 56: Frank's International NV - Segment focus
  • Exhibit 57: Frank's International NV - Key offerings
  • Exhibit 58: National Oilwell Varco Inc. - Vendor overview
  • Exhibit 59: National Oilwell Varco Inc. - Business segments
  • Exhibit 60: National Oilwell Varco Inc. - Organizational developments
  • Exhibit 61: National Oilwell Varco Inc. - Geographic focus
  • Exhibit 62: National Oilwell Varco Inc. - Segment focus
  • Exhibit 63: National Oilwell Varco Inc. - Key offerings
  • Exhibit 64: Weatherford International Plc - Vendor overview
  • Exhibit 65: Weatherford International Plc - Business segments
  • Exhibit 66: Weatherford International Plc - Organizational developments
  • Exhibit 67: Weatherford International Plc - Segment focus
  • Exhibit 68: Weatherford International Plc - Key offerings
  • Exhibit 69: Yantai Jereh Oilfield Services Group Co. Ltd. - Vendor overview
  • Exhibit 70: Yantai Jereh Oilfield Services Group Co. Ltd. - Business segments
  • Exhibit 71: Yantai Jereh Oilfield Services Group Co. Ltd. - Organizational developments
  • Exhibit 72: Yantai Jereh Oilfield Services Group Co. Ltd. - Geographic focus
  • Exhibit 73: Yantai Jereh Oilfield Services Group Co. Ltd. - Segment focus
  • Exhibit 74: Yantai Jereh Oilfield Services Group Co. Ltd. - Key offerings
  • Exhibit 75: Validation techniques employed for market sizing
  • Exhibit 76: Definition of market positioning of vendors
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